Performance Evaluation of Construction Project Using Multi Criteria Decision Making Methods

M. GOPAL, NAIK and VINDHYA, KATARLA (2014) Performance Evaluation of Construction Project Using Multi Criteria Decision Making Methods. In: International Conference on Advances in Civil, Structural and Mechanical Engineering - ACSME 2014, 04-05 January, 2014, Bangkok.

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Abstract

In developing countries, where resources are limited, it is important to develop and study all available alternatives effectively and efficiently to improve project performance and in decision making. Performance evaluation techniques can help to find ways to improve solutions to the problems by providing a measured balance in cost, schedule, and quality via the performance evaluation of alternatives. This requires a motivated team of multi-disciplined professionals in cooperation with well-established project stakeholders who are stimulated and guided by the appropriate methods.Many quantitative methods have been developed to facilitate making rational decision making involving multi criteria. Most methods either ignore or barely include non-quantifiable factors. Analytical Hierarchy Process and Multi Attribute Utility Theory methods allow the inclusion of non-quantifiable parameters such as environmental, social and political criteria beside quantifiable cost-effective technical and economic factors. In this study, an attempt ismade to evaluate different criteria and alternatives that are required for the enhancement of highway project performance. A highway project of Kandi – Shadnagar highway, in Andhra Pradesh, India is taken as case study. In this study two main processes have been followed. The first process is to identify the relevant highway performance criteria. Various criteria’s are collected from respondents of construction projects by carrying questionnaire survey. The respondents will mark each criterion on a scale of 0-5 depending on his experience and priority. The second process is to determine value improvement and utility by applying Analytical Hierarchy Process, Multi Attribute Utility Theory and comparison between two methods have been done to evaluate the best alternative for enhancement of highway project performance.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Multi criteria decision making, Performance evaluation, Analytical hierarchy process, Multi attribute utility theory.
Depositing User: Mr. John Steve
Date Deposited: 10 May 2019 12:29
Last Modified: 10 May 2019 12:29
URI: http://publications.theired.org/id/eprint/2159

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